By on February 18 2018 07:44:52
Any funder worth his or her salt wants to see it right off the bat. Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows. A lot of those mistakes (most of them, in fact) are the result of poor planning. Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.
Be specific. Being specific is just as important as being concise. The details will help you drill down into how you will actually deliver your plan.
Know your market. A big part of knowing whether your business will be successful is understanding your audience. Make sure your plan is clear about your target market – who will you be selling to and how many other companies are already selling similar products?
Appendices and Exhibits. The appendices and exhibits section contains any detailed information needed to support other sections of the plan.